TAMPA, Florida—Berkadia introduced the sale of the Chase Suite Lodge, a 160-key extended-stay lodge on a 4.58-acre website in Tampa, Florida. Senior Managing Director Matt Mitchell, Director Chris Burtner, and Affiliate Director Kyle Sahlsten of Berkadia Central & North Florida led the transaction on behalf of the vendor, an affiliate of Hardage Hospitality. The property offered for an undisclosed worth.
Berkadia marketed the 1986 classic all-suite lodge property as a possible redevelopment alternative.
“Chase Suite Lodge represented a uncommon waterfront redevelopment alternative, with zoning that provides the brand new proprietor the choice to execute on a wide range of completely different methods together with new rental, lodge or mixed-use growth, conversion to multifamily or continued operation as a lodge,” stated Mitchell. “Situated simply west of the Westchase Enterprise District, the island of Rocky Level is a premier vacation spot the place builders have not too long ago constructed new Class A multifamily communities and motels.”
The property provides entry to Tampa Bay and is simply minutes from Tampa Worldwide Airport. Chase Suite Lodge consists of 12 two-story residential buildings and a clubhouse on a waterfront location. The lodge has 120 studio suites and 40 two-bedroom suites, every with absolutely geared up kitchens ranging in dimension from 515 to 760 sq. toes.
The property has entry to highways and public transportation. It’s located close to the Worldwide Plaza and Bay Avenue and is understood for its purchasing, eating choices, and leisure venues. Moreover, the close by Rocky Level Golf Course and Bayshore Boulevard enchantment to guests, providing friends and potential builders a mix of leisure and comfort. The property is situated roughly 20 minutes from Downtown Tampa and half-hour from Downtown St. Petersburg and Clearwater.
